Compliance and implementation of KYC policy

How our team helped the bank
minimize the risks associated with
potential fraud activity

Customers

According to Fenergo, every year, financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

Challenges

  • A lot of time and resources are spent manually checking customers, employees, and partners.
  • There is no high-quality monitoring system that is constantly updated and promptly provides new information.
  • Uncontrolled checks from different divisions of the bank in the paid resource, leading to spontaneous costs for such operations.
  • Reputational risks associated with cooperation with fraudsters, due to not receiving updated information on counterparties.
  • The bank's financial losses — bad loans — because the bank did not detect fraudsters at the verification stage.
  • Lack of prompt response to negative changes in the customer's history.

Sanctions regulations

Financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

According to Fenergo, every year, financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

For more than 13 years our team has been helping businesses excel. Time and again our experience and expertise have resulted in success for our clients.

We would like to demonstrate to you how we have accomplished these transformations. Our secret is our team, highly professional, reliable, and always at the cutting edge. Let us show you how we can bring our skills to benefit you and your business.

Progressive IT Solutions

Contact us to start your transformation journey

Get in touch

Achieving Lasting and Measurable Impact through IT Solutions

Financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors. Get in touch

Challenges

  1. A lot of time and resources are spent manually checking customers, employees, and partners.
  2. There is no high-quality monitoring system that is constantly updated and promptly provides new information.
  3. Uncontrolled checks from different divisions of the bank in the paid resource, leading to spontaneous costs for such operations.
  4. Reputational risks associated with cooperation with fraudsters, due to not receiving updated information on counterparties.
  5. The bank's financial losses — bad loans — because the bank did not detect fraudsters at the verification stage.
  6. Lack of prompt response to negative changes in the customer's history.
Achieving Lasting and Measurable Impact through IT Solutions
Development & Customization
Sanctions regulations
Training & Competency center

Customers

According to Fenergo, every year, financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

Years of experienceYears of experienceCertificates
We13+7080+
They11.554

Sanctions regulations

Financial institutions globally pay fines worth $36 billion for non-compliance with AML, KYC, and sanctions regulations. Automated systems monitor the fast-changing regulatory. Systems can automatically infuse KYC dossiers with real-time information. Manual upkeep of customer records is time-consuming, labor-intensive, and prone to errors.

For more than 13 years our team has been helping businesses excel. Time and again our experience and expertise have resulted in success for our clients.

We would like to demonstrate to you how we have accomplished these transformations. Our secret is our team, highly professional, reliable, and always at the cutting edge. Let us show you how we can bring our skills to benefit you and your business.

Let's have a talk

Contact us
to start your transformation journey

    Your Name*

    Phone number

    E-mail*
    What would you like to talk about?

    info@integrity.com.ua

    "Integrity Vision" LLC
    Ukraine, 04114, Kyiv City,
    Avtozavodska street, 54/19, 2A
    Tax Number: 37096369